American Seafood Competitiveness Act of 2026

This bill expands access to federal agricultural loans and grants for commercial fishermen and fish processors by officially including them in existing USDA programs designed for traditional farmers and ranchers. It allows these businesses to use farm loans for purchasing fishing permits, vessels, and processing facilities, as well as for operating and maintaining their equipment. The legislation also broadens eligibility for farm credit banks and production credit associations to include businesses providing services directly related to aquatic product producers and harvesters. Additionally, it permits the USDA to waive matching fund requirements for grants supporting domestic seafood marketing initiatives.